China's April Trade Exceeds Forecasts Despite Global Challenges
China's trade figures for April surpassed expectations, demonstrating resilience despite the ongoing Middle East conflict and increased costs associated with the Hormuz crisis. The country's exports and imports showed stronger-than-anticipated growth.
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China trade growth resilient in April despite Hormuz crisis inflating costs
China’s export sector showed resilience last month, even as the Strait of Hormuz crisis showed little sign of abating after driving up energy and shipping costs. The value of China’s exports rose in April by 14.1 per cent, year on year, to US$359.44 billion, according to data released by the General Administration of Customs on Saturday. The reading was above the 6.96 per cent growth forecast compiled by financial data provider Wind. Meanwhile, the value of imports grew by 25.3 per cent last...
By Carol Yang
Read full article →China trade beats forecasts in April despite Middle East war
While the US-Israel war on Iran has produced new risks for China's economy, its trade has so far appeared to be weathering the disruptions.
Read full article →Coverage Timeline
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